A new study has shed light on the potential of mobile money to accelerate urbanisation and structural change in Sub-Saharan Africa. The study, conducted in Mozambique, builds on a growing body of literature that highlights the role of mobile money in reducing transaction costs and improving financial inclusion in developing countries. The goal of the…
The (Very) Long-Run Impacts of Cash Grants during a Crisis
It is repeatedly argued that the potential effects of giving cash grants to poor people are constrained by the fact that this income group is trapped in poverty, generating little permanent income effect. However, the literature points to mixed results, not only within short- and longer-term evaluations, but also between them. Therefore, the timing of…